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Jan 15, 2013
01/13
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bush was -- >> i thought their one idea, david, was cutting the deficit. >> that's -- they say that's the case, but it really is they want to just talk about spending cuts as if that is going to help the economy. and any mainstream economist now tells you that you may have to do that in some ways for long-term deficit implications but that's not good in the short run. even simpson/bowles say don't cut so fast. >> and just to be clear, it's not at all clear that they actually have coherent plans for anything they're suggesting. they have sort of hand waving spending cuts, entitlement reform without really writing down a specific path to get there. >> incredible. david corn and jared bernstein, gentlemen, thank you so much. stay with us. we'll be right back. what do we want to build next ? that's the question. every day. when you have the most advanced tools, you want to make something with them. something that helps. helps safeguard our shores. helps someone see through a wall of fire. helps those nowhere near the right doctor stand a chance. ... feeling in the extremities ? no. techno
bush was -- >> i thought their one idea, david, was cutting the deficit. >> that's -- they say that's the case, but it really is they want to just talk about spending cuts as if that is going to help the economy. and any mainstream economist now tells you that you may have to do that in some ways for long-term deficit implications but that's not good in the short run. even simpson/bowles say don't cut so fast. >> and just to be clear, it's not at all clear that they actually...
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and deficit reduction are. the good thing about america is sometimes we get to these bottlenecks and we get stuck and the sharp partisan fights but the american people pretty steadily are common sense and practical and eventually that common sense practical approach wins out. i think that is what will happen here as well. in the meantime to make the final point about the sequester, we will get through this. this is not going to be apocalypse as some people have said. it is just dumb. it is going to hurt individual people and it is going to hurt the economy overall. but if congress comes to its senses the week from now, a month from now, months from now, there is a lot of open running room for us to grow our economy much more quickly and advance the agenda of the american people dramatically. and so this is a temporary stop on what i believe is long term outstanding prospect for american growth and greatness. thank you very much. connell: sequestered days here, president obama making his case to the american peo
and deficit reduction are. the good thing about america is sometimes we get to these bottlenecks and we get stuck and the sharp partisan fights but the american people pretty steadily are common sense and practical and eventually that common sense practical approach wins out. i think that is what will happen here as well. in the meantime to make the final point about the sequester, we will get through this. this is not going to be apocalypse as some people have said. it is just dumb. it is...
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Jul 30, 2013
07/13
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the discussion we are having on ing-term deficit reduction -- would love deficit reduction, but i would love to have a set of policies that actually -- hire back some of the teachers that were fired at the state and local level. that is really counterproductive here to make some investment in infrastructure, because -- >> if you were doing one big factor -- package, you would also include putting these things and now rather than waiting? >> here is what i think neera would do -- [laughter] if you can make -- wave a magic wand and put the politics out of the window, because of opportunity costs, there is only so much political oxygen. room,d put you two in a michael linden, dean baker, people from very different views but who all share -- and some conservatives, that's right. and say, what you came out with is what we would do. so, it would not absorb the political oxygen that we need right now, but that we have a backloaded plan that would get us to fiscal sustainability that was balance. i think there are enough people in town that would go there. >> on the aisle. go ahead. my name is
the discussion we are having on ing-term deficit reduction -- would love deficit reduction, but i would love to have a set of policies that actually -- hire back some of the teachers that were fired at the state and local level. that is really counterproductive here to make some investment in infrastructure, because -- >> if you were doing one big factor -- package, you would also include putting these things and now rather than waiting? >> here is what i think neera would do --...
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Jan 22, 2013
01/13
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. >> he did say deficit, he didn't think that overspending. he talked about the need for tax reform and allocating government programs and health care costs. this was a left of center speech. he was talking to his base. the issues that he wants to focus on, i think we have to see what he will say about the state of the union. that is the substance about governing. his budget will come in march. people are talking about that. to me that is a very critical appointment. neil: looking at all of these issues might be critical to you, but they did not appear to be front and center to this president. they might pop up to be more important than they let on. that is in this address where you we start painting with brush broad strokes? >> the key is, as i said, this is about vision, this is about touching on issues that his base cares about. i'm really interested to see what is the state of the unit, what is his budget, and what does he do about it. neil: so many in the democratic party are saying things like this. you have heard that we want to follow
. >> he did say deficit, he didn't think that overspending. he talked about the need for tax reform and allocating government programs and health care costs. this was a left of center speech. he was talking to his base. the issues that he wants to focus on, i think we have to see what he will say about the state of the union. that is the substance about governing. his budget will come in march. people are talking about that. to me that is a very critical appointment. neil: looking at all...
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Sep 25, 2013
09/13
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it would add to the deficit. there have been a couple of republicans in the house who have been smart enough to say, we are going to repeal all of the benefits so 25-30,000,000 people do not get health insurance, but we are going to keep the taxes that obama raised. we just will not talk about that. that way we can say we reduced the deficit. but, obviously, you are doing some funny business there with the budget. look, nothing is free. the bottom line is, do we want to continue to lead -- live in a society where we have the most inefficient health care system on earth, leaving millions of people exposed to the possibility that they could lose everything because they get sick, where we have little children and families going to the emergency room once a week because they have asthma and other preventable diseases because their families are not linked up with the partner position who is providing them regular care, where the cost to society for reduce productivity, illnesses, etc. all burden our businesses -- is t
it would add to the deficit. there have been a couple of republicans in the house who have been smart enough to say, we are going to repeal all of the benefits so 25-30,000,000 people do not get health insurance, but we are going to keep the taxes that obama raised. we just will not talk about that. that way we can say we reduced the deficit. but, obviously, you are doing some funny business there with the budget. look, nothing is free. the bottom line is, do we want to continue to lead -- live...
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and we're willing to talk to him about budget deficit. leader reid already gave him his budget number when we talked about the resolution funding the government. we gave him his number. and then, he said obama care. he keeps throwing different things at the wall. and we know the reason why. ted cruz and the hard right republicans are holding him hostage, in effect. and right up until now, he hasn't had the courage or strength to resist them. sooner or later, he'll be forced to, particularly on the debt ceiling because the business community, which still has some weight with mainstream republicans and his party, will put huge crowd with him. and as we get closer,
and we're willing to talk to him about budget deficit. leader reid already gave him his budget number when we talked about the resolution funding the government. we gave him his number. and then, he said obama care. he keeps throwing different things at the wall. and we know the reason why. ted cruz and the hard right republicans are holding him hostage, in effect. and right up until now, he hasn't had the courage or strength to resist them. sooner or later, he'll be forced to, particularly on...
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Apr 11, 2013
04/13
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we made good progress on the deficit. the president saying here is another $2 trillion of deficit reduction we can achieve. but we're still going to protect, you know, the most down trodden. i think that we have to get the president props here. the people are not going to give the president props are the ones who want to play to their base. i just don't think that that's really going to sell. the american people rejected that in november. and i think that are going to reject it once this goes on the road in the next few months. >> steve, i'm here -- here is john boehner's response. another angry person. the house speaker chose to speak about it. here he is. >> i would hope that he would not hold hostage these modest reforms for his demand for bigger tax hikes. listen, why don't we do what we can agree to do? why don't we find the common ground that we do have and move on that? >> steve, the president is not giving up on tax increases. he's just not. >> it's a big problem. by the way, if you think people are angry, wait un
we made good progress on the deficit. the president saying here is another $2 trillion of deficit reduction we can achieve. but we're still going to protect, you know, the most down trodden. i think that we have to get the president props here. the people are not going to give the president props are the ones who want to play to their base. i just don't think that that's really going to sell. the american people rejected that in november. and i think that are going to reject it once this goes...
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Jan 14, 2013
01/13
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i think a lot of what they complain about with respect to us, for example, our large fiscal deficits, one example, i think it would be in our interest to deal with. similarly, a lot of what we complain about with respect to them, their export-driven strategy, the absence of domestic demand, it's critically important to have sustainable growth going forward to deal with that issue. so i think we have a common self interest in dealing with many of the issues that we complain to each other about. >> what should be the core elements of a u.s.-china relationship going forward? >> the core elements of a cooperative u.s.-chinese relationship is in many respects in the communique by presidents obama and jintao of china, it itemizing and developing several ears to be koob rating because it sets a framework, a framework in which the word partnership is really given meaning and a framework for something unprecedented in the history of human affairs, namely, when two major powers arise, they almost never collide. for the first time in history, america and china have the opportunity to avoid that,
i think a lot of what they complain about with respect to us, for example, our large fiscal deficits, one example, i think it would be in our interest to deal with. similarly, a lot of what we complain about with respect to them, their export-driven strategy, the absence of domestic demand, it's critically important to have sustainable growth going forward to deal with that issue. so i think we have a common self interest in dealing with many of the issues that we complain to each other about....
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Nov 13, 2013
11/13
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you were also talking about the 24-point deficit that ken cuccinelli had among women. either that was wrong or the affordable care act mostly made up a lot of those deficits. so women as the chief health care officers of their households, they control two out of every three health care dollars spent in this country. they are disproportionately the health care consumers and the health care providers in this nation. this is a huge issue for them. >> okay. we share the premise. we'll talk about it later in the show. kelly annaco conway, i apprecia you coming on. sam stein, thank you so much. >>> up next, the story of the white son servetive who won in an african-american neighborhood by convincing people he was one of the local african-american guys around the corner. turns out he was not exactly the way he seemed to be presenting himself. is this illegal? no. but is it troubling? i don't know. we'll get to that. this is "hardball," the place for politics. road closed? there's a guy... excuse me? glacier point? follow me! ♪ follow me! keep up, keep up, keep up. ♪ look
you were also talking about the 24-point deficit that ken cuccinelli had among women. either that was wrong or the affordable care act mostly made up a lot of those deficits. so women as the chief health care officers of their households, they control two out of every three health care dollars spent in this country. they are disproportionately the health care consumers and the health care providers in this nation. this is a huge issue for them. >> okay. we share the premise. we'll talk...
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Dec 22, 2013
12/13
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the number one issue in the 2014 election is not going to be obamacare or the deficit. it is going to be who can get the middle class going again? who can expand middle class incomes, who can create jobs? that is far and away the issue that most americans care about. >> fair enough. that's going to be the argument. but senator coburn, you know your colleagues, especially those who are running for tough seats in the south, they're going to make obamacare an issue and they're going to focus on the thought that government seems to make changes to pacify critics. is that the wrong thing to do? >> i think they ought to talk about health care and what we're for rather than continuing to talk about what we're against. look, obamacare right now causes people to spend more money, have less choice, have a higher deductible and have less freedom. the rollout and the ideas behind the fact that the federal government could manage appropriately, one-sixth of the economy is proving itself erroneous. what i would say is we need to change health care, but what they've done, you can't fi
the number one issue in the 2014 election is not going to be obamacare or the deficit. it is going to be who can get the middle class going again? who can expand middle class incomes, who can create jobs? that is far and away the issue that most americans care about. >> fair enough. that's going to be the argument. but senator coburn, you know your colleagues, especially those who are running for tough seats in the south, they're going to make obamacare an issue and they're going to focus...
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Jan 20, 2013
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you're going to need more revenues as well as more cuts to get the deficit down. and i've talked to leader reid. i've talked to budget chair murray. we're going to do a budget this year. and it's going to have revenues in it. and our republican colleagues better get used to that fact. >> senator cruz? >> david, i'll mention there was an area of substantial agreement with what chuck just said. he said we should never, ever compromise the full faith and credit of the united states. i agree. and in fact, there is a bill that i am co-sponsoring, the full faith and credit act, which provides that, regardless of what happens to the debt ceiling, the united states will always, always, always meet its debt. we will never default on its debt. that was introduced in 2010. it didn't pass because harry reid and president obama didn't want it to pass. they wanted to raise the specter of a default to use. so, chuck, you and i could make news right now on national television, would you agree to support the full faith and credit act and take the possibility of a default off the t
you're going to need more revenues as well as more cuts to get the deficit down. and i've talked to leader reid. i've talked to budget chair murray. we're going to do a budget this year. and it's going to have revenues in it. and our republican colleagues better get used to that fact. >> senator cruz? >> david, i'll mention there was an area of substantial agreement with what chuck just said. he said we should never, ever compromise the full faith and credit of the united states. i...
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Sep 24, 2013
09/13
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it would add to the deficit. now, there have been a couple republicans in the house who have been smart enough to say, we're going to repeal all the benefits so that people -- you know, 20 -- 25, 30 million people don't get health insurance. but we're going to keep the taxes that obama raised. we just won't talk about that. and then that way we can say we reduced the deficit. but, you know, obviously you're doing some funny business there with the budget. but look, nothing is free. the bottom line, though, is, do we want to continue to live in a society where we've got the most inefficient health care system on earth, leaving millions of people exposed to the possibilities that they could lose everything because they get sick, or we've got little -- children and families going to the emergency room once a week because they've got asthma and other preventible diseases because their families aren't linked up with a primary care physician who is providing them regular care. where the costs to society for reduced pro
it would add to the deficit. now, there have been a couple republicans in the house who have been smart enough to say, we're going to repeal all the benefits so that people -- you know, 20 -- 25, 30 million people don't get health insurance. but we're going to keep the taxes that obama raised. we just won't talk about that. and then that way we can say we reduced the deficit. but, you know, obviously you're doing some funny business there with the budget. but look, nothing is free. the bottom...
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coming up, i will saul's our deficit problem. but first you and th audience get that quiz -- get to quiz our guest. [applause] vo: traveling you definitely end up meeting a lot more people but a friend under water is something completely different. i mea turtle friend today so, you don'get that very often. it smed like it was more than happy to have us in his home. so beautiful. avo: more travel. more options. more personal. whatever you're looking for expedia has more ways to help. [applause] john: we're bk with your questions f our case no onomist d ross roberts and john head made the r video. so first from the facebook page has a. bill: defined the end game principles wn deciding what programs to fund or cut? >>or public gos like property rights are good for an economy that type of spending is helpful and some type of physicalnd human capital spending grows education and can be good if done efficiently. but the bulk of the budget today whether europer the u.s. this transferr consumption spending and the evans is that diverts r
coming up, i will saul's our deficit problem. but first you and th audience get that quiz -- get to quiz our guest. [applause] vo: traveling you definitely end up meeting a lot more people but a friend under water is something completely different. i mea turtle friend today so, you don'get that very often. it smed like it was more than happy to have us in his home. so beautiful. avo: more travel. more options. more personal. whatever you're looking for expedia has more ways to help. [applause]...
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Dec 12, 2013
12/13
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if you're for more deficit reduction, you're for this agreement. >> earlier today i spoke with one of the architects of the deal. the chairman of the budget committee paul ryan. i asked how the two sides were able to find common ground and compromise. >> what's the secret allowing yourself more time to deal with each other? setting low expectations? never going on bed angry? what is it? >> all of those are pretty good pieces of advice. we decided from the outside, number one, to talk a lot. get to know each other. keep our emotions in check. the other thing was we wanted to make sure that we didn't demand or insist that the other person had to violate a core principle. we would instead look for where the common ground exists. we took our budgets. kind of overlamb them all and then looked through that prism to see where the common ground existed. then we looked to see where we could get common ground. add that up and see what that could do with respect to replacing the sequester. they're having an across the board approach. we think that's crude. we
if you're for more deficit reduction, you're for this agreement. >> earlier today i spoke with one of the architects of the deal. the chairman of the budget committee paul ryan. i asked how the two sides were able to find common ground and compromise. >> what's the secret allowing yourself more time to deal with each other? setting low expectations? never going on bed angry? what is it? >> all of those are pretty good pieces of advice. we decided from the outside, number one,...
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Mar 5, 2013
03/13
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not a hysterical deficit hawk but a deficit hawk. >> rose: you will become a deficit hawk when we have a strong economy. define for you a strong economy. is that g.d.p. growth of 4%? >> it's not growth. unemployment rate low enough that the fed is interesting rates to head off inflation. as soon as we're out of the liquidity trap where the fed has got its pedal to the metal. >> rose: so when the fed raises the interest rates to avoid inflation that's when the economy is good shape? >> no, that's when you can make a deal. the fed will hold off on the interest rate hikes. that way it doesn't depress the economy. >> you would start dealing with the debt immediately. you would go in and fix entitlement reform. yes? what would you do immediately to the debt? >> you want to get the parties talking. you want to get the white house, you want to get congress talking and talk about what's going to have to be done to address medicare, to address medicaid, to address social security which is less of a problem. and my belief is -- my concern about the crisis-- like bob rubin said, you never know wh
not a hysterical deficit hawk but a deficit hawk. >> rose: you will become a deficit hawk when we have a strong economy. define for you a strong economy. is that g.d.p. growth of 4%? >> it's not growth. unemployment rate low enough that the fed is interesting rates to head off inflation. as soon as we're out of the liquidity trap where the fed has got its pedal to the metal. >> rose: so when the fed raises the interest rates to avoid inflation that's when the economy is good...
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May 31, 2013
05/13
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FBC
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coming up, i will saul's our deficit problem. but first you and the audience get that quiz -- get to quiz ou guest. [applause] [applause] john: we're back with your questions for our case no economist and ross roberts and john head made the rap video. so first from the facebook page has a. bill: defined the end game principles when deciding what programs to fund or cut? >> for public goods like property rights aree good for an economy that type of spending is helpful and some type of physil and human pilpending grows education and can be good if done efficiently. but the bulk of the budget today whether europe or the u.s. this transfer or consumption ending and the evans is that diverts resources from far more productive resoues and if you do cost-benefit test and e transfer consumption spending looking at that types about lay. john: the port and the helpless? that is what the transfer payments are supsed to be. >> if you get the private sector growinghe four will be better off than he would much rather be pour in hong kong or si
coming up, i will saul's our deficit problem. but first you and the audience get that quiz -- get to quiz ou guest. [applause] [applause] john: we're back with your questions for our case no economist and ross roberts and john head made the rap video. so first from the facebook page has a. bill: defined the end game principles when deciding what programs to fund or cut? >> for public goods like property rights aree good for an economy that type of spending is helpful and some type of...
WHUT (Howard University Television)
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Feb 13, 2013
02/13
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WHUT
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they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and spur growth. dean of the columbia business school chair of economic advisors. captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org
they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and...
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Feb 13, 2013
02/13
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they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and spur growth. dean of the columbia business school chair of economic advisors. captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org >>> the following kqed production was produced in high definition. ♪ >>> calories, calories, calories! >> wow, it rocked my world! >> it just kind of reminded me of boot camp. >> i don't know what you had, but this is great! >> it almost f >> hi! i'm leslie sbrocco, welcome to "check, please! bay area," the show where regular bay area
they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and...
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Oct 11, 2013
10/13
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our deficit is down from $1.4 trillion. last year, the deficit was about $700 billion. we cut it in half. it's not enough. we need to do more. we cannot do more unless we do entitlement reform. over half of our spending is entitlement spending and we cannot do more unless we generate revenues. what we have here is a failure to communicate is part of our problem. we are talking past each other. i talked to people all the time and people have a lot of money and i say they will have to pay more taxes and they say i don't mind paying more taxes but don't waste my money. i don't want to waste their money either. none of us do. tom coburn used to be on this committee and i introduced legislation. it was not to hurt the least of these or the wealthiest of these to help everyone. everyone has gotten a letter from tom coburn to ask as a cosponsor and i hope you will join us. we held a hearing on monday this week on social security disability. no one stood -- no one wants to harm anyone on disability. one judge in west virginia approved 99.7% of the people who applied for social
our deficit is down from $1.4 trillion. last year, the deficit was about $700 billion. we cut it in half. it's not enough. we need to do more. we cannot do more unless we do entitlement reform. over half of our spending is entitlement spending and we cannot do more unless we generate revenues. what we have here is a failure to communicate is part of our problem. we are talking past each other. i talked to people all the time and people have a lot of money and i say they will have to pay more...
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Dec 4, 2013
12/13
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and you see the great deficit in those remarks by the speaker that the congressional wing of the republican party has in the eyes of the american people, absolutely bereft of ideas. i'm not a fan of the affordable care act, but my party has no solutions to deal with what's a real issue. no working person in this country, for example, should lose their house, go bankrupt, because their kid breaks their leg or their spouse gets leukemia, so republicans, who were once the party of ideas, during the regan era, through the 1990s along with president clinton, we have collapsed as far as our ability to be policy entrepreneurs. that's the great challenge if we're to be successful in 2016, to have candidates to break away, put forward ideas about economic growth, health care, and ideas that americans are focused on. >> jonathan, you wrote a great piece today about the republican party basically being dead to the ideas. the thing that strikes me about the video that we saw, it's one thing for john boehner to not really have any health care proposal and rattle off platitudes about the way health care
and you see the great deficit in those remarks by the speaker that the congressional wing of the republican party has in the eyes of the american people, absolutely bereft of ideas. i'm not a fan of the affordable care act, but my party has no solutions to deal with what's a real issue. no working person in this country, for example, should lose their house, go bankrupt, because their kid breaks their leg or their spouse gets leukemia, so republicans, who were once the party of ideas, during...
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Feb 13, 2013
02/13
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they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and spur growth. dean of the columbia business school chair of economic advisors. captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org captioning sponsored by wpbt >> this is n.b.r. >> susie: good evening, everyone. i'm susie gharib. tom's off tonight. americans are waiting to hear from president obama as he gives his state of the union speech. we look at his jobs plan and what wall street wants to hear from the president. and currency wars: g-7 countries say they're looking to boost their local economies, but critics
they basically don't solve the deficit. you did that once. an excellent idea. give people a spreadsheet. >> thank you, yes. >> pull these and see. >> if you tell them and give them restrictions you say well you can't just leave taxes where they are and you can't cut taxes you have to do a mix then people do -- i agree there's a huge role for education and information in all of this. >> rose: the e book as i said by david is called washington can solve the deficit and...
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everybody's on the record about this so let's go out to taxes republican scream and holler about the deficit they should look at. as a democratic governor jerry brown now has a balanced budget and will run a surplus next year after inheriting a twenty six billion dollars deficit from republican governor arnold schwarzenegger and why because the citizens voted for a tax increase on the rich proposition thirty his new budget includes increased investments in education should we look into doing something like this i mean it's like a word for california the word for it looks just like the surplus bill clinton built when he modified taxes during his presidency and what was the what was the result a record surplus why is it mark that democrats can balance budgets and slow the growth of spending and republicans can't but it's not exactly what happened here schwartz negra came into a state that was in disarray a lot of that had to do with the energy situation and enron but the problem here is first of all there's had nothing to do with taxes the tag no it had an accident you had it would have to fir
everybody's on the record about this so let's go out to taxes republican scream and holler about the deficit they should look at. as a democratic governor jerry brown now has a balanced budget and will run a surplus next year after inheriting a twenty six billion dollars deficit from republican governor arnold schwarzenegger and why because the citizens voted for a tax increase on the rich proposition thirty his new budget includes increased investments in education should we look into doing...
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coming up, i will saul's our deficit problem. but first you and the audience get that quiz -- get to qz our guest. toxic chemicals and carcinogens are leaching into the environment. it'sappening right where we live, work and play. everywhere. cigarette butts are toxic waste. let's stop the toxic litter. learn more at rethinkbutts.org [applause] john: we're back with your questions for our case no economist and ross roberts and john head made the rap video. so first from the facebook page has a. ll: defined the end game principles when deciding what programs to fund or cut? >> for public goods like property rights are good for an economy that type of spending is helpful and se typef physical and human capital spending grows education and can be go if done efficiently. but the bulk of the budget today whether europe or the u.s. this transfer or consumption spending and the evans isthat diverts resources from far more productive resources and if you do cost-benefit test and th transfer consumptio spending looking at that types about
coming up, i will saul's our deficit problem. but first you and the audience get that quiz -- get to qz our guest. toxic chemicals and carcinogens are leaching into the environment. it'sappening right where we live, work and play. everywhere. cigarette butts are toxic waste. let's stop the toxic litter. learn more at rethinkbutts.org [applause] john: we're back with your questions for our case no economist and ross roberts and john head made the rap video. so first from the facebook page has a....
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Mar 15, 2013
03/13
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a considerable portion of the time was on our deficit and debt. i thought it would be a good idea for some of our freshmen members to give you their perspective of the meeting. then we will be happy to take any questions you may have. >> thank you. i was pleased the president joined the republicans for lunch today. we had a good first step here. it is just a first step. any time you have a conversation like this, it is needed. if we are going to see any kind of progress, we will need this rigid consistent and committed and real leadership i was sent to washington to cut spending. that happens when you follow a legislative process. i am new year. -- i am new here. i know we need to follow regular order. that has not been happening. i do not support back room deals. i do not support kickbacks. i believe in a legislative process. that is the background i come from. i appreciate senator mcconnell's leadership he has shown when he is committed to supporting regular order. i appreciate that he has made efforts to ensure that all republican senators have
a considerable portion of the time was on our deficit and debt. i thought it would be a good idea for some of our freshmen members to give you their perspective of the meeting. then we will be happy to take any questions you may have. >> thank you. i was pleased the president joined the republicans for lunch today. we had a good first step here. it is just a first step. any time you have a conversation like this, it is needed. if we are going to see any kind of progress, we will need this...
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Mar 11, 2013
03/13
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for deficit-reduction sake. the goal should be economic growth and job creation. rich: they will soon respond. on wednesday patty murray releases her budget, such documentaries in the senate in four years. these budget are all open positions for democrats and republicans in these negotiations over taxes and spending which has basically continued almost nonstop now for more than two years. back to you. liz: thank you very much. david: investing in student loans. find out how exactly it is done and if there is enough reward for you to take the risks. liz: later this hour investing in something else students use. car rentals. hitting a five-year high today, and the competitor avis seeing a bump. an analyst who thinks there's still room to the upside in and which ones you have to choose between the two should you have in your portfolio? all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standin
for deficit-reduction sake. the goal should be economic growth and job creation. rich: they will soon respond. on wednesday patty murray releases her budget, such documentaries in the senate in four years. these budget are all open positions for democrats and republicans in these negotiations over taxes and spending which has basically continued almost nonstop now for more than two years. back to you. liz: thank you very much. david: investing in student loans. find out how exactly it is done...
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Oct 17, 2013
10/13
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CNN
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they were talk about defunding obama care not because of the deficit. because they think that obama care is bad, it's an intrusion into the rights of people. you heard your colleague earlier about equal rights whether or not the individual mandate should be delayed just as the employer mandate was. >> sure the. so part of the affordable care act we are adding $2 trillion to our budget deficit. that's unsustainable. so we are making the case that something needed to be done with regard to that and all the entitlements and all of our sending. what mick was simply saying is what the law is right now, he was making illusion to is unfair. president obama is sitting in the white house saying that every american should be subjected to the obama care and he's not. and his wife is not. and his kids are not. >> so here's the thing. you want to win back the white house, obviously. >> that would be good. >> then you'd have a president. >> can you help douse that? >> then you presume you have a president who would agree with you on these things. if you look at the p
they were talk about defunding obama care not because of the deficit. because they think that obama care is bad, it's an intrusion into the rights of people. you heard your colleague earlier about equal rights whether or not the individual mandate should be delayed just as the employer mandate was. >> sure the. so part of the affordable care act we are adding $2 trillion to our budget deficit. that's unsustainable. so we are making the case that something needed to be done with regard to...
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Dec 11, 2013
12/13
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we have the monthly report on the deficit from the treasury department and the deficit came in for the month of november at $135 billion, and that's about a 20% drop from the deficit last november. and this continues this trend of lower deficits we've seen because of the tax increases back in january at the beginning of the year as well as the stronger economy and the spending, spending caps at least, no increases in government spending for the fiscal year-to-date, first two months of the fiscal year starting october 1st, fiscal 2014, the deficit has come in at 227 billion versus 292 billion for the same time last year. also about a 20% decline. and, this new bipartisan budget deal announced last night could help to shrink deficits a little more as well as avoid a government shutdown for the next two years. busts the sequester a bit, providing $63 billion more spending over two years split evenly between defense and non-defense spending. include $20 billion or so in new deficit reduction in 10 years. it does not increase taxes or continue expiring unemploymentbenefits or increase the d
we have the monthly report on the deficit from the treasury department and the deficit came in for the month of november at $135 billion, and that's about a 20% drop from the deficit last november. and this continues this trend of lower deficits we've seen because of the tax increases back in january at the beginning of the year as well as the stronger economy and the spending, spending caps at least, no increases in government spending for the fiscal year-to-date, first two months of the...
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Jan 29, 2013
01/13
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everyone is paying for deficit spending." economists are sounding the alarm as well. kenneth rogoff, a respected harvard economist said, "idea that one should just ignore all these problems and apply crude keynesian stimulus is a dangerous one. it matters a great deal how the government taxes and spends, not just how much. u.s. debt level is a constrangers" he said. "a growing number of empirical studies, including my own joint work with car men reinhardt, suggest that the u.s. has already reached a debt level that has been associated with slower growth in advanced countries." and our credit rating agencies have also weighed in. these warnings alone should be enough to urge congress and the administration to act. according to the u.s. treasury department's fiscal -- financial report of the u.s. government for fiscal year 2012, "while these projections are subject to considerable uncertainty, the debt-to-g.d.p. ratio would continue to rise unsustainably under currentpologies." can i stated that again. our own u.s. treasury report said that "unless thesejections are sub
everyone is paying for deficit spending." economists are sounding the alarm as well. kenneth rogoff, a respected harvard economist said, "idea that one should just ignore all these problems and apply crude keynesian stimulus is a dangerous one. it matters a great deal how the government taxes and spends, not just how much. u.s. debt level is a constrangers" he said. "a growing number of empirical studies, including my own joint work with car men reinhardt, suggest that the...
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>> this is a question about deficits in the context of a depressed economy. time to cut deficits is when the economy is i recovery as bill clinton did in 1990ss clinton got economy to surplus in conte of high growth, you have a soft economy, that is a time t have defkit sit spending because you need stimulus. john:ark,espond? >> what we' suffering from today is imprudent fiscal policy, what the government is doing with their irresponsible welfare payments with interferin with business and so forth. is keeping the private sector, which is the majority stakeholder that should be the focus here, with employment and so forth, they are the key. we have to really encouge. john: what abou don'to point - o point? >> there are many examples in private sector where banks, companies i was a consultant for ibm they went 3 a difficult down size -- through a difficult down siding in 1990s they fired a quarter of their workers. a hundred thousand worke, like at ibm today, united states, sa situation. if we adopt austerity, prude austerity we can turn our country and blossom
>> this is a question about deficits in the context of a depressed economy. time to cut deficits is when the economy is i recovery as bill clinton did in 1990ss clinton got economy to surplus in conte of high growth, you have a soft economy, that is a time t have defkit sit spending because you need stimulus. john:ark,espond? >> what we' suffering from today is imprudent fiscal policy, what the government is doing with their irresponsible welfare payments with interferin with...
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Mar 7, 2013
03/13
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having said that, there seems to be a willingness on all sides, martin, to really talk about deficit reduction. as you know, paul ryan is going to put out his budget next week. the president and paul ryan have been miles apart when it comes to their budget proposals. but this is really a chance for the president to say, look, here is what i'm offering when it comes to deficit reduction. there's a lot of skepticism about whether the lunch today, of course president obama had a dinner last night with republican senators. a lot of skepticism about whether these lunches and dinners are actually going to yield results. one interesting thing that came out of the dinner last night, one lawmaker said he actually wasn't aware of all of the cuts that president obama was willing to put on the table. so administration officials believed this is a chance for president obama to clear up some of the confusion, a chance for lawmakers as well to offer what they are willing to put on the table, and in recent days senator lindsey graham, who was at that dinner last night, did express a willingness to p
having said that, there seems to be a willingness on all sides, martin, to really talk about deficit reduction. as you know, paul ryan is going to put out his budget next week. the president and paul ryan have been miles apart when it comes to their budget proposals. but this is really a chance for the president to say, look, here is what i'm offering when it comes to deficit reduction. there's a lot of skepticism about whether the lunch today, of course president obama had a dinner last night...
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Jan 26, 2013
01/13
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KQED
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and we have trillion dollar deficits right now. and republicans, not just since the tea party, before the tea party, had been acting in reaction to what they had seen for decades from democrats, some of which they saw from george w. bush. they have to figure out a strategy to approach shrinking the size of government, shrinking deficits, allowing tax rates to remain low without running head-long into the american people and argument that bill clinton -- president obama seems to prevail on in the election about the role of government. so it's going to get harder for republicans too. remember, paul ryan budget that was so productive on medicare pushed all of the cuts out ten years in the future. now, in order to get the votes to allow the debt ceiling to be raised three months, speaker boehner promised his members the opportunity to vote on a budget that would be balanced within ten years. you can't tell people between 55 and 65, don't listen to this anyway. cure not going to be affected by this. if you balance the budget in ten year
and we have trillion dollar deficits right now. and republicans, not just since the tea party, before the tea party, had been acting in reaction to what they had seen for decades from democrats, some of which they saw from george w. bush. they have to figure out a strategy to approach shrinking the size of government, shrinking deficits, allowing tax rates to remain low without running head-long into the american people and argument that bill clinton -- president obama seems to prevail on in...
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Jan 29, 2013
01/13
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the deficit-reduction will produce a stronger economy. economic growth and fiscal solvency especially in a situation where we have plans of dollars of unfunded liabilities with these entitlement programs. liz: the middle-class issue is the only way to fix these things, think secret the white house is keeping from the middle-class households. what do you say to that? >> senator kerry has it exactly right. if the economy is growing more rapidly than the debt, the site of the text doesn't particularly matter. thing is so distressing about the current situation is the growth in gdp is at a lower rate than the growth of the debt, that is the long-term problem we face in i if we don't solve that problem there isn't anything we can do to help the middle class and the lower class, anybody gets hurt when the economy is growing as slowly as this one is and we aren't focusing on that, wwe're instead on the extremes cutting the deficit, raising taxes, it is the growth of the economy that is the real answer to all these problems. liz: said we already
the deficit-reduction will produce a stronger economy. economic growth and fiscal solvency especially in a situation where we have plans of dollars of unfunded liabilities with these entitlement programs. liz: the middle-class issue is the only way to fix these things, think secret the white house is keeping from the middle-class households. what do you say to that? >> senator kerry has it exactly right. if the economy is growing more rapidly than the debt, the site of the text doesn't...
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Apr 8, 2013
04/13
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so much set aside for deficit reduction. the economy surges a little bit. you get more tax dollars in and we did it. it can be done, steve. and it can be done when one party is opposite of the other party and you do it by sitting down with the common goal of balancing the budget. but is your brand of republican politics welcomed in the republican party today? you got a zero rating from club for growth. you work for bob michael described as a moderate republican. has the party changed? >> the party has changed. but the principles haven't changed and the priorities haven't changed. people still come to washington, get elected to the house and senate with the idea, we've got to fix the deficit problem. and what they do is take a chapter or look back at history to see how others did it from opposing parties. it's not that complicated. i come from a part of the country that was once represented by abraham lincoln. abram dirkson who helped lyndon johnson pass the civil rights act. and he was from an all--white community. but he did it because it was the right thi
so much set aside for deficit reduction. the economy surges a little bit. you get more tax dollars in and we did it. it can be done, steve. and it can be done when one party is opposite of the other party and you do it by sitting down with the common goal of balancing the budget. but is your brand of republican politics welcomed in the republican party today? you got a zero rating from club for growth. you work for bob michael described as a moderate republican. has the party changed? >>...
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Sep 19, 2013
09/13
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the worst year of big spending george bush's deficit was under $500 billion. that's the worst year. >> you want to talk about george bush tax cuts, the george bush wars and the george bush crash? >> and now we have obamacare that will -- >> one at a time. >> -- continuous into the future of deficit. that's what we're trying to stop. it's not politics. >> do you agree with me that the republican party as a national party, it is so dead in ten years based on a whole lot of strange -- >> congressman, let me -- >> you've gotten ridden of gays, of women. and i need the republican party because we have to have someone to beat up on. >> oh, charlie, you'll be soarly disappointed. >> it's good for certain -- >> it's not about politics. it's about people. >> i want to he said wiep end wn to you. do you think president obama has been an effective leader the last six years? >> i don't think there's any question about it. but there was an assumption that the congress would work with help. and he was notified by the leader, the republican leader in the senate, that their o
the worst year of big spending george bush's deficit was under $500 billion. that's the worst year. >> you want to talk about george bush tax cuts, the george bush wars and the george bush crash? >> and now we have obamacare that will -- >> one at a time. >> -- continuous into the future of deficit. that's what we're trying to stop. it's not politics. >> do you agree with me that the republican party as a national party, it is so dead in ten years based on a whole...
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Mar 10, 2013
03/13
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it's contrary or contradictory to be concerned about the budget deficit when you take steps to have a negative effect on the economy. how much would it take effect? >> an excellent question. and of course, you create jobs by growing the economy. and you have to not only grow the economy. you need to stabilize it. you can't have the situation we're in where the interest rates are right in the basement, and as someone said, you can't jump out of the basement. that is as low as it is. and if people stop trusting u.s. treasuries, the $16 trillion of debt we have out there interest rates are i going to skyrocket. interest payments will go up annually, potentially by hundreds of billions of dollars, we would have more deficit. there would be less trust. you wrecked the government's role in the economy. those are my secret notes i'm going pick them up. [laughter] so so you to stabilize that. and you have to figure out a way to get the economy to grow. and that's a long-term proposition, which will lead to more jobs. but you're right, there's contradiction in all of this. but in trying to cre
it's contrary or contradictory to be concerned about the budget deficit when you take steps to have a negative effect on the economy. how much would it take effect? >> an excellent question. and of course, you create jobs by growing the economy. and you have to not only grow the economy. you need to stabilize it. you can't have the situation we're in where the interest rates are right in the basement, and as someone said, you can't jump out of the basement. that is as low as it is. and if...
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May 26, 2013
05/13
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big spending trove up the deficit in those years. and pretty much ignited the tea party movement. wedge politics. especially in the 2004 election activated the evangelical right. and the adventures abroad, the wars we've been talking about led to today's divisions between those like john mccain who supports the wars, and libertarians like rand paul who certainly does not. these are fascinating. let's talk about the tax thing. a lot of people forgotten it. the tea party is having. their own republican party was not vetoing any spending bills. >> big spending republican which was a new phrase. no one had ever heard of one of those. because of the explosion of government after 9-11, the number of tax bills that -- tax cut bills that were passed, the deficit exploded under bush. and that made the economic wing of the republican party which it liked his policies up to a point and this other group of folks who worry about debt and deficits, that made them unhappy. >> don't forget prescription drug benefits for seniors. chris: unfunded. the republican party used to be party when i was gr
big spending trove up the deficit in those years. and pretty much ignited the tea party movement. wedge politics. especially in the 2004 election activated the evangelical right. and the adventures abroad, the wars we've been talking about led to today's divisions between those like john mccain who supports the wars, and libertarians like rand paul who certainly does not. these are fascinating. let's talk about the tax thing. a lot of people forgotten it. the tea party is having. their own...
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there used to be operating structural deficits that were very substantial. they're being reduced to nothing and we're moving into the black. internal borrowing is being reduced, those are the economy picking up. those are the reasons for the upgrade that occurred by the s&p. stuart: will you get all the tax revenue you plan on getting from the higher marginal tax rates. we have a lot of reports of wealthy people just moving out of the states, they can't take it anymore. there are a lot of people talking the way phil mickelson is talking. >> there is more than anecdotal evidence, officially somebody leaves, people don't put up press releases necessarily when they come to california, but that has happened to. the net result, the top 1% stake in california during the last decade -- fair share of the income pie. 20% of all of the income. that group has been doing well, they do well in california because there's a lot of business opportunity here. stuart: i'm afraid we're out of time, but we appreciate you being with us. thank you, sir. i want to get back to face
there used to be operating structural deficits that were very substantial. they're being reduced to nothing and we're moving into the black. internal borrowing is being reduced, those are the economy picking up. those are the reasons for the upgrade that occurred by the s&p. stuart: will you get all the tax revenue you plan on getting from the higher marginal tax rates. we have a lot of reports of wealthy people just moving out of the states, they can't take it anymore. there are a lot of...